Vuzix (NASDAQ:VUZI) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Vuzix Co. (NASDAQ:VUZIGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.47 and traded as low as $2.27. Vuzix shares last traded at $2.30, with a volume of 836,564 shares.

Vuzix Price Performance

The company’s fifty day simple moving average is $3.30 and its 200-day simple moving average is $2.48. The firm has a market capitalization of $175.36 million, a PE ratio of -1.85 and a beta of 1.64.

Vuzix (NASDAQ:VUZIGet Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). The company had revenue of $1.27 million during the quarter, compared to analysts’ expectations of $1.53 million. Vuzix had a negative net margin of 1,437.17% and a negative return on equity of 139.39%.

Institutional Investors Weigh In On Vuzix

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in shares of Vuzix by 130.9% in the 4th quarter. Wells Fargo & Company MN now owns 7,056 shares of the company’s stock valued at $28,000 after purchasing an additional 4,000 shares in the last quarter. Sprott Inc. acquired a new stake in Vuzix during the 4th quarter valued at approximately $39,000. Kellett Wealth Advisors LLC acquired a new position in shares of Vuzix in the 4th quarter valued at approximately $41,000. Root Financial Partners LLC purchased a new position in shares of Vuzix during the 4th quarter valued at approximately $41,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Vuzix during the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 35.87% of the company’s stock.

About Vuzix

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Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.

Further Reading

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